BA reaches key agreement on pension deficits

British Airways announced that it reached agreement with the trustees of its two main pension plans, New Airways Pension Scheme and Airways Pension Scheme, concerning a recovery plan to address the plans' combined deficit that stood at £2.7 billion ($4 billion) as of March 31, down from £3.7 billion one year earlier.

British Airways announced that it reached agreement with the trustees of its two main pension plans, New Airways Pension Scheme and Airways Pension Scheme, concerning a recovery plan to address the plans' combined deficit that stood at £2.7 billion ($4 billion) as of March 31, down from £3.7 billion one year earlier.
It reached agreement with its trade unions in March (ATW Daily News, March 17) and now will submit the recovery plan to the UK Pensions Regulator by the June ...

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